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Welcome To IANS Live - INTERNATIONAL - Saudi Aramco's Q1 net profit rises by 30%


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IANSLive
Riyadh, May 4 (IANS) Saudi Arabia s oil giant Aramco said on Tuesday that its net profit increased by 30 per cent in the first quarter of 2021, due to higher oil prices and an improved economic environment amid the pandemic.
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Update: 04-May-2021 ....

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Over 1,600 people recover from COVID-19 in Kazakhstan in 24h


2 May 2021 11:08
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NUR-SULTAN. KAZINFORM – 1,607 people have made full recoveries from the coronavirus infection in Kazakhstan in the past 24 hours, Kazinform has learnt from coronavirus2020.kz.
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The highest number of COVID-19 patients who beat the virus were reported in the Kazakh capital, Nur-Sultan, – 485. Karaganda region, added the second highest number of COVID-19 recoveries – 225. Coming in third is Almaty city with 182 COVID-19 recoveries.
155 people fully recovered from the coronavirus infection in Akmola region, 93 – in Atyrau region, 85 – in Kyzylorda region, 84 – in West Kazakhstan region, 81 – in Almaty region, 67 – in Aktobe region, 48 – in East Kazakhstan region, 37 – in Turkestan region, 23 – in North Kazakhstan region, 16 – in Mangistau region, 13 – in Pavlodar region, 12 – in Kostanay region, and 1 – in Shymkent city. ....

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Long-term view for CIMB Group


CIMB – the second largest by asset size in the country – like most banks, has seen its profit hit amid the Covid-19 pandemic which has slowed down demand for new loans, and forced banks to set aside more than the normal amount of funds for doubtful debts.
PETALING JAYA: A long-term view is needed for investors wanting to put their money into CIMB Group Holdings Bhd
as growth indicators will take time to show meaningful improvements.
The lender – the second largest by asset size in the country – like most banks, has seen its profit hit amid the Covid-19 pandemic which has slowed down demand for new loans, and forced banks to set aside more than the normal amount of funds for doubtful debts. ....

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Air travel will recover by July - Emirates Airlines


Air travel will recover by July - Emirates Airlines
Tuesday April 27 2021
Summary
Covid-19 offered not just Emirates but the industry an opportunity to offer more efficiency and resilience to respond better to short and long-term challenges including restoring travel confidence
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Covid-19 and its associated lockdowns brought the global economy to its knees in what the International Air Travel Association called the worst year ever in terms of slow down for the aviation industry. One of the leading world carriers Emirates Airlines was not spared declaring a mid year loss of $3.8 billion for the 2020/2021 financial year. Prosper magazine’s
Samuel Ssettumba interviewed Emirates Airline’s Vice President for Africa Badr Abbas in Dubai on how the Covid-19 pandemic is reshaping the global airline industry. ....

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